Contractors Flashcards
Bonafide subcontractor
contractors who work without direction from the Insured, hold their own insurance and usually provide their own materials and tools.
Labour only subcontractor
normally just supplies their labour and works under the direction of their employer.
JCT
Joint contract tribunal
Contract works
Contract works cover will protect you against accidental loss, destruction or damage – offering cover for materials and labour that you’ve used, meaning you can restore the project to its status before the damage – protecting you and your customer from financial loss.
Standard cover-contractors
Liabilities
Legal expenses
Optional cover -contractors
Contractors all risk
Plant
Material damage
All risk -fidelity, computer breakdown, money